Hòa Hội solar power plant opens in Phú Yên

The Hòa Hội solar power plant. The plant was inaugurated on June 25. — VNA/VNS Photo Phạm Cường

PHÚ YÊN — The Hòa Hội solar power plant officially opened in the central coastal province of Phú Yên on Tuesday.

The plant, a joint venture between the Trường Thành Việt Nam Group JSC and Thailand’s B Grimm Power Pcl, has total investment of over VNĐ4.9 trillion (US$210.7 million) funded by the Phú Yên TTP JSC.

This was the biggest renewable energy project in the central region, said Đặng Trung Kiên, chairman of the Phú Yên TTP JSC, adding that the plant was expected to help boost socio-economic development, ensuring national energy security and generating jobs for local labourers.

Construction of the 265ha plant with a capacity of 257MWP started in November 2018.

Trần Hữu Thế, vice chairman of the provincial People’s Committee, urged the investor to run the project effectively, abide by environmental regulations and pay attention to social welfare.

Prime Minister Nguyễn Xuân Phúc has also designated the plant as a key project in Phú Yên’s socio-economic development master plan until 2020. — VNS

Tags energy

HDBank wins three awards at Vietnam Listed Company Awards 2024

Economy

Việt Nam's 100 best places to work ranking released

Economy

Hundreds of products showcased at AgroViet 2024

Economy

Vietnamese enterprises grapple with challenges in Q3

Economy

Brewing success

Economy

Foreign investor to divest from Vinasun

More on this story

Economy

Việt Nam promotes business, investment in UK

Business leaders from the north of the UK on Tuesday attended the “Meet Vietnam” conference held in the city of Manchester to explore business and investment opportunities in Việt Nam.

Economy

Việt Nam develops forestry industry, explores collaboration with US

Việt Nam has been moving towards building a sustainable wood processing industry that uses legal materials in accordance with international and Vietnamese law as well as regulations of major export markets like the US, EU and Japan.

Economy

Enterprises urged to prepare for escalating US-China trade war

Vietnamese exporters have been urged to prepare for any trade-related lawsuits and disputes arising from the escalating US-China trade war amid concerns that the two major powers will not reach an agreement at a meeting in Japan this month.

Economy

FMCG market forecast to grow strongly in the long term

The fast moving consumer goods market will remain strong in the long term in the country’s four key urban cities of Hà Nội, Đà Nẵng, HCM City, and Cần Thơ and see an acceleration in rural areas, according to Kantar Worldpanel, a global data, insights and consulting company.

Economy

Furniture firm targets smaller loss in 2019

Trường Thành Furniture Corporation (Trường Thành) expects its losses to reach VNĐ588 billion (US$25.3 million) in 2019, heard the firm’s annual shareholder meeting on Monday.

Economy

Asanzo Vietnam to be inspected following reports on product origin

Minister of Industry and Trade Trần Tuấn Anh has asked Government agencies to inspect potential wrongdoings at Asanzo Vietnam Electronics JSC to protect the rights and benefits of consumers and ensure a healthy business environment.

Economy

Markets fall on weak cash flow

Vietnamese markets fell on Tuesday due to low liquidity as the market remained short on cash flow.

Economy

Singapore: huge potential for Vietnamese exports

The Singapore market is considered to have a huge potential for Vietnamese enterprises, with advantages such as cultural similarities, consumption trends suited to Vietnamese goods, low market research costs, and easy export transactions, experts have said.